Northwest Slant on Market Prices
I'm KayDee Gilkey with the Market Line Report for February 24, 2014.
Today's report will focus more on what is happening within our region. On Friday I spoke with Moses Lake's USDA Livestock and Grain Market News Reporter Greg Sanders and asked for a Northwest beef cattle price update for the last week.
Sanders: "They pretty stayed pretty steady because they are still buying these 850 weights at $158 to $160 for cart delivery and fall delivery but the calf guys — for fall delivery for calves being born right now are pretty bullish. They've got them priced pretty high right now for fall delivery. We'll see if they actually get that kind of price or not but everyone is pretty bullish on the prices right now.
Chicago May Wheat ended Friday down 8 cents at 6-05 and 1/2. May corn ended the day down 2 and 3/4 cents at 4-59.
Portland prices for soft white wheat were down 3 and 1/2 to 8 cents at mostly 7-30 and 1/2. White club wheat prices were down 8 cents at mostly 7-83. Hard Red Winter wheat with 11.5 percent protein prices were down 8 and 1/4 cents at mostly 8-43 and 1/2. DNS wheat with 14 percent protein prices were down 10 and 1/2 cents at 8-47.
In Pacific Northwest export news there were 26 grain vessels in Columbia River ports on Thursday, February 20, with five docked compared to the previous Thursday with four docked. New confirmed export sales last week were limited to Japan.
